In fact, it just announced that it will spend $11 billion developing EVs over the next four years. That’s more than double what it previously planned to spend. By 2022, the Detroit automaker plans to have 40 EV models.

And Ford’s not the only major carmaker reinventing itself.

• General Motors (GM) is doing the same exact thing…

GM is the largest U.S. carmaker.

It plans to introduce two EV models within the next 18 months. By 2023, it hopes to have 20 models.

That’s an ambitious goal. But European carmakers are entering this market even more aggressively.

Chart of the Day: The Dollar Continues Its Downfall

That’s the story of today’s chart, which maps the U.S. Dollar Index from 2015 to today. This index tracks the dollar’s performance against a basket of major foreign currencies.

As you can see, the U.S. dollar has plummeted 14% since the start of 2017—and has fallen to its lowest level in three years.

Such a move in the currency market is huge… especially for the dollar.

You see, the dollar is the world’s most important currency. In today’s global economy, the U.S. dollar affects nearly every other financial asset on the planet.

And for Americans, a weak dollar means the money in your pocket won’t go as far. As the dollar falls, the things you buy regularly become more expensive.

Fortunately, there are ways to protect yourself from a falling dollar.

Physical, hold-in-your-hand gold is the most conservative way to hedge against a dollar crash. And, as we told you last week, investing in commodities is also a great way to profit as the dollar falls…

—Joe Withrow

Reader Mailbag

Today, a satisfied new subscriber:

Thank you for your research and helping the investors. I am glad to join the Platinum members’ club.

A perspective on crypto and blockchain that no one is considering: End Times Prophecy.

Stay with me a moment: It's not whether you think this is fringe, lunatic, or viable, it's about how many OTHER millions of Americans and millions worldwide are believers to one degree or another. I offer as proof the actual sale numbers of the Left Behind series of a decade-plus ago. The NYT Best Seller list? Yes, book after book issued in the series was record-breaking.

If millions of people take the Bible as Gospel, and they do, consider where cryptocurrency and blockchain fits into the Book of Revelation.

If you publish this, I might add more. Hint: it's a good reason to own some today. And to have eyes open to a future someday when you can't buy or sell without a new "tech," yet to be introduced, that is closely related.

—Lou

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